What is a Right to Buy mortgage?

A Right to Buy mortgage is a type of mortgage designed for council tenants who have the legal right to purchase their rented home, often at a greatly discounted price. The scheme allows council tenants who want to buy their rented home to borrow money to purchase the property, similar to other mortgages.

To qualify, tenants must meet specific government criteria, including having been a council tenant for a certain period, the property’s value, and receiving a Right to Buy offer proposal from their local council.

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